USC's Lusk Center for Real Estate predicts that for the rest of 2005, housing prices will continue to move upward in major markets, appreciating from 2 percent to 8 percent across the U.S.
Lusk Center economists base their prediction on the following:
New financing scenarios, such as loans based on interest-only payments or extended to 40-year terms, will continue to attract buyers to higher priced markets.
Market fundamentals, such as job growth and land scarcities...
